The Russian private-equity unit being set up by President Dmitry Medvedev is in talks with a Chinese group about making joint investments, as the nation seeks to reverse an outflow of foreign capital.
Details of the partnership may be announced in October, Kirill Dmitriev, head of the Russia Direct Investment Fund, said in an interview today at Bloomberg’s headquarters in New York. The new joint fund would co-invest in deals “that benefit from the Russia-China relationship and Russia-China trade,” he said, declining to provide details..............................................Full Article: Source